Kampala, Uganda | THE INDEPENDENT | The Minister for Security, Gen. Elly Tumwine has warned business owners against re-opening their shops that have never been cleared by government to re-open. He said as security, they can’t do anything to enforce the coronavirus (COVID-19) regulations if they don’t get cooperation from …
Read More »Team Europe to provide UGX 518Bn to support businesses battered by coronavirus
Kampala, Uganda | THE INDEPENDENT | Countries and organizations in Europe under their umbrella Team Europe have announced plans to provide 125 Million Euros (about Shillings 518 billion) in loans to support small and medium Ugandan enterprises to recover from coronavirus impact. In a statement issued on Monday, Team …
Read More »4.4 million Ugandans could lose jobs due to coronavirus-Report
Kampala, Uganda | THE INDEPENDENT | Four million Ugandans could lose their jobs if the Coronavirus pandemic persists for the next six months, according to the business climate index published by the Economic Policy Research Centre. EPRC conducted a survey, sending questionnaires electronically to 147 businesses which are a panel of …
Read More »Grim and getting worse: US set for historic unemployment surge
Washington, United States | AFP | Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost their jobs. The April …
Read More »Gov’t orders mandatory wearing of facemasks as more businesses are allowed to reopen
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni this evening has allowed a very limited number of businesses to reopen, as he extended the COVID-19 lockdown for another 14-days. The businesses so far allowed to open are hardware shops, mechanic workshops and garages, metal and wood workshops, insurance companies, 30 …
Read More »Businesses might not get insurance payouts for COVID-19 losses
Kampala, Uganda | THE INDEPENDENT | As most businesses scratch for options on how they will cover for losses incurred as a result of coronavirus disruption, it has emerged that insurance providers may not be a run to option. This according to several players in the industry is because COVID-19 …
Read More »Businesses to get relief on loans – Museveni
Kampala, Uganda | THE INDEPENDENT | In a thin relief to businesses during the shutdown due to coronavirus, President Yoweri Museveni announced Monday evening that his government would talk to banks to ensure that they don’t seize properties of defaulters during the 14-day period. Museveni who announced the ban of private …
Read More »Economist, traders ask gov’t to protect businesses in coronavirus crisis
Kampala, Uganda | THE INDEPENDENT | Government needs to devise means of protecting the economy from crumbling as a result of the temporary shutdown of key businesses because of the coronavirus. Makerere University Business School-MUBS Economics Lecturer and Policy Analyst, Ramathan Ggoobi says the coronavirus (COVID-19), which has since been declared …
Read More »Gov’t renews proposal to tax loss making businesses
Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry faced difficulty explaining a proposal by government to tax businesses that have been making losses for seven consecutive years. This same proposal was last year rejected by parliament. Ministry of Finance officials led by the State Minister of Finance …
Read More »Why 2019 could be good for businesses
Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …
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